Post
Topic
Board Bitcoin Discussion
Re: "Not your keys, Not your coins" is not enough
by
m2017
on 04/07/2023, 09:57:02 UTC
CEXs work hand in hand with governments.
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So why not just advise and tell people to stop using CEX entirely?
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We have effecient, fast, simple, user-friendly and totally P2P solutions at our disposal
The fact that centralized exchanges cooperate with government, isn't necessarily a bad thing. Obviously it's bad for privacy, but it makes bank transactions look less shady. At least my bank knows I'm dealing with a legit company, even better if it's registered in my country.
~snip
Likewise, the cooperation of centralized exchanges with governments is not always good. This works in favor of people only if they live in a state of law. Trust me, there are countries on Earth where you don't want your bank to know too much about you and who you are dealing with. And even more so, you will not like it if the exchange you use is registered in your country.

Not everything is so clear and local features should be taken into account.